PayMyTuition Unveils Innovative Open Banking Cashier Module for Education, The Canadian Business Journal

TORONTO, Sept. 13, 2022 (GLOBE NEWSWIRE) — PayMyTuition, a leading provider of technology-driven payment processing solutions for tuition management and campus commerce, today announces the launch of its innovative Cashier module for educational institutions Did. Leveraging open banking technology, this launch will allow schools to have multiple campus cashier stations at the same time, with direct integration to school students to accept, transact and process campus payments over the phone or in person. can provide an all-in-one service. First information system (SIS).

“When it comes to how students purchase textbooks, school supplies, on-campus event tickets, etc., educational institutions lack experience with these payments, and students and school staff rely on traditional on-campus POS terminals. Arif Harji, Chief Market Strategist at MTFX Group said: “Our innovative module features real-time fund verification and balance checking. It provides educational institutions with an all-in-one cashier solution that enables them to securely accept and manage payments via desktop and mobile workstations anywhere on campus, resulting in greater efficiencies for both schools and students.”

This innovative open banking cashier solution provides educational institutions with a two-factor account verification process to authorize payers before making transactions, making transactions easy and highly secure for students. This Cashier module allows schools to pay for tuition and non-tuition via desktop and mobile workstations using a variety of payment methods in the US and Canada, including credit cards, ACH, EFT, Google Pay, and Apple Pay. Securely accept and manage payments. , and through various other e-wallets.

With direct SIS integration, this PCI-compliant cashier solution simplifies daily reconciliation tasks, offers advanced reporting capabilities, and updates back-end records such as the general ledger in real time. 1 dashboard. Campus departments can now record payment transactions in a web-based application and easily download daily reports to send to departments. This eliminates the need to track paper-based receipt inventory in multiple systems and provides easy all-in-one auditing capabilities.

This cashier technology makes accepting phone and in-person payments efficient and secure, ensuring you meet the most stringent levels of compliance. With a containerized installation installed directly into the school’s SIS, all transactions are recorded and managed within a single payment portal, allowing school staff to instantly view data in real-time between both points. can pass.

The solution is compatible with most student information systems such as Ellucian Banner, Ellucian Colleague, PeopleSoft, Oracle and SAP, and integrates seamlessly through a direct containerized installation, allowing educational institutions to purchase this product at a fraction of the cost. Fully operational in operation. of the day.

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PayMyTuition is part of the MTFX Group of Companies, a global payment solutions provider with over 25 years of experience facilitating payments for over 8,000 business and institutional customers in North America.

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